Local investor purchases property from Coca-Cola Refreshments USA, Inc.
ST. PETERSBURG, Fla. (July 7, 2014) – In a deal reflecting an increase in the demand for quality distribution sites in the Tampa Bay area, Colliers International Tampa Bay recently handled the purchase of a 62,475-square-foot distribution center property in St. Petersburg for $1.8 million.
The property includes a 52,750-square-foot facility, a separate 9,725-square-foot fleet maintenance building, and six loading docks. The entire property sits on nine acres of fenced, secured and paved land.
John Gerlach, CCIM, Vice President of Investment Services and Mackenzie Gerlach, Associate of Investment Services with Colliers International Tampa Bay represented the buyer, Gandy Industrial, LLC.
Russ Sampson with Sage Corporate Advisors represented the seller, Coca-Cola Refreshments USA, Inc.
“Centrally located, large distribution centers with paved areas are difficult to find in Tampa Bay,” said Mackenzie Gerlach. “This property was appealing to the buyer due to its sought-after industrial amenities and convenient location on Gandy Boulevard, providing immediate access to the interstate and major highways.”
Gandy Industrial, LLC, a local investor, purchased the property with plans to improve and lease the facility. Bruce Vaughan, Managing Director of Industrial Services with Colliers International Tampa Bay, has been engaged to lease the property.
The property is located at 2950 Gandy Blvd. in St. Petersburg.
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